Ford halted shipments of the 2024 F-150 Lightning electric pickup earlier this month, as reports say hundreds, if not thousands, of Ford trucks have piled up in holding lots around Detroit.
Ford stops 2024 F-150 Lightning shipments
All 2024 Lightning models have been halted over an undisclosed quality issue. Meanwhile, shipments of the gas-powered 2024 F-150 began again last week after hundreds (or even thousands) of trucks piled up in Detroit lots.
A Ford spokesperson told Automotive News the automaker stopped Lightning shipments on February 9th. They did not say when the stop-ship will be cleared.
According to the spokesperson, Ford continues building F-150 Lightning models at its Rouge EV plant on the outskirts of Detroit. “We started shipping the first newly designed F-150 pickups to dealers this week.”
Ford’s 2024 “Lightnings started shipping last month,” the spokesperson said.”. We expect to ramp up shipments in the coming weeks as we complete thorough launch quality checks to ensure these new F-150s meet our high standards and delight customers.”
Ford F-150 Lightning production at Rouge EV plant (Source: Ford)
Although shipments are still expected within Ford’s “early 2024” timeframe, some trucks have been piling up in lots since December. One commercial customer said their order has been delayed by eight weeks so far for nearly 100 trucks alone.
Piling up in lots
Another Ford spokesperson said F-150s have piled up in lots around Detroit and would begin to empty as they are shipped to dealers.
According to the Detroit Free Press, Ford stopped F-150 Lightning production in January due to a battery issue. Ford spokesperson Emma Bergg said on February 15, “During a standard Lightning pre-delivery quality inspection, one vehicle displayed a battery issue. We believe we have identified the root cause of this issue.”
Ford F-150 Lightning (Source: Ford)
Bergg added, “By the end of next week, we expect to conclude our investigation and apply what we learn to the truck’s battery production process; this could take a few weeks.” This was less than two weeks ago.
The company is “not aware of any incidents of the issue in the field and do not believe F-150 Lightnings already in customers’ hands are affected.”
2024 Ford F-150 Flash (Source: Ford)
CEO Jim Farley said quality was a top priority on the company’s Q4 earnings call. Farley mentioned, “Quality now factors into 70% of the short-term incentives” for Ford’s management.
The new comes as Ford introduced new incentives on the 2023 F-150 Lightning last week. Ford’s 2023 F-150 Lightning Lariat, XLT, and Pro trims are eligible for a $7,500 retail credit.
2024 Ford F-150 Lightning trim
Price
Range (EPA-est miles)
Pro
$54,995
240
XLT
$64,995
240
Flash
$73,495
320
Lariat
$79,495
320
Platinum
$84,995
300
Platinum Black
$92,995
300
2024 Ford F-150 Lightning prices
Other bonuses include $7,500 bonus cash on the Lightning XLT Extended Range. A $5,000 retail cash bonus for the Lariant Standard and ER versions. And a massive $12,500 in retail bonus cash for the Platinum trim.
If you’ve been eyeing Ford’s all-electric pickup, now is the best time to start shopping. The automaker is clearing out 2023 models. We can help you find the right model at the right price. You can use our link to find deals on the 2023 and 2024 Ford F-150 Lightning at a dealer near you.
FTC: We use income earning auto affiliate links.More.
A U.S. Justice Department logo or seal showing Justice Department headquarters, known as “Main Justice,” is seen behind the podium in the Department’s headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.
Kevin Lamarque | Reuters
Federal prosecutors have charged two men in connection with a sprawling cryptocurrency investment scheme that defrauded victims out of more than $650 million.
The indictment, unsealed in the District of Puerto Rico, accuses Michael Shannon Sims, 48, of Georgia and Florida, and Juan Carlos Reynoso, 57, of New Jersey and Florida, of operating and promoting OmegaPro, an international crypto multi-level marketing scheme that promised investors 300% returns over 16 months through foreign exchange trading.
“This case exposes the ruthless reality of modern financial crime,” said the Internal Revenue Service’s Chief of Criminal Investigations Guy Ficco. “OmegaPro promised financial freedom but delivered financial ruin.”
From 2019 to 2023, Sims, Reynoso and their co-conspirators allegedly lured thousands of victims worldwide to purchase “investment packages” using cryptocurrency, falsely claiming the funds would be safely managed by elite forex traders, the Department of Justice said.
Prosecutors said the pair flaunted their wealth through social media and extravagant events — including projecting the OmegaPro logo onto the Burj Khalifa, Dubai’s tallest building — to convince investors the operation was legitimate.
A video posted to the company’s LinkedIn page shows guests in evening attire posing for photos and watching the spectacle in Dubai.
Read more CNBC tech news
In reality, authorities allege, OmegaPro was a pyramid-style fraud.
When the company later claimed it had suffered a hack, the defendants told victims they had transferred their funds to a new platform called Broker Group, the DOJ said. Users were never able to withdraw their money from either platform.
The two men face charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, each carrying a maximum sentence of 20 years in prison.
The Justice Department, FBI, IRS-Criminal Investigation, and Homeland Security Investigations led the multiagency investigation, with help from international partners.
Tesla is starting to experience some consequences for misleading Full Self Driving customers – at least that’s the finding of one arbitration ruling that has Tesla refunding one customer $10,000 plus legal fees for failing to deliver on their promises. Find out more on today’s legally challenging episode of Quick Charge!
An arbitration “court” found that Tesla misled customers with its Full Self Driving product, and has now been forced to refund at least one person’s $10,000 payment (plus legal fees) for the not-quite autonomous driving software. France, too, is piling on claims of deceptive business practices – but there’s some good news for FSD fans! If you’re still willing to pay for it, Tesla will thrown in 0% financing on a brand new Cybertruck.
Check out the relevant links, below, to learn more.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Toyota’s new electric SUV is a surprise hit in China. Starting at just $15,000, the Toyota bZ3X is already the top-selling joint venture brand EV.
The $15,000 Toyota bZ3X is the top-selling foreign EV
After launching the bZ3X in March, Toyota’s joint venture, GAC Toyota, claimed that orders were “so popular that the server crashed.” It apparently secured over 10,000 orders in the first hour.
In its second month on the market, the bZ3X was the top-selling foreign-owned vehicle in China, beating out the Volkswagen ID.3 and ID.4 Crozz, Nissan N7, and BMW i3.
According to the latest update, the electric SUV retained the title once again in June. Peng Baolin, General Manager of Sales at GAC-Toyota, revealed on social media that the “delivery volume of Bozhi 3X in June reached 6,030 units.”
Advertisement – scroll for more content
GAC Toyota announced on Weibo that cumulative deliveries have now exceeded 20,000 units, setting a new record for the fastest joint venture electric SUV sales to achieve the feat.
Toyota bZ3X electric SUV (Source: GAC Toyota)
The company also claimed that the bZ3X “has the highest sales of new energy vehicles” among joint venture brands right now.
The bZ3X is Toyota’s “first 100,000 yuan-level pure electric SUV.” It’s available in seven different trims, starting at 109,800 yuan, or about $15,000.
Toyota bZ3X electric SUV (Source: GAC-Toyota)
Two variants have an added LiDAR, making Toyota the first joint venture brand to offer it in China. The smart driving version starts at 149,800 yuan ($20,500). For 159,800 yuan ($22,000), you can upgrade to the range-topping “610 Max” trim.
Powered by a 67.92 kWh battery, the long-range model is rated with a CLTC range of up to 610 km (379 miles). The base “Air” trim features a 50.03 kWh battery, good for a 430 km (267 miles) range.
The bZ3X measures 4,645 mm in length, 1,885 mm in width, and 1,625 mm in height, or about the size of BYD’s popular Yuan Plus (sold overseas as the Atto 3).
Inside is a significant upgrade from most Toyota models we are used to seeing. It features a tech-focused interior with a 12.3″ infotainment screen and an 8.8″ driver display.
Toyota bZ3X electric SUV interior (Source: GAC-Toyota)
Toyota markets it as an affordable family SUV with “a mobile space that is as comfortable as home.” With all the seats folded, the interior offers nearly 10 feet (3 meters) of space.
It’s also powered by Momenta’s 5.0 smart driving system, offering advanced smart driving features such as Level 2 assisted driving, remote parking, and more.
Electrek’s Take
Although it may not seem like much with Chinese EV makers like Xiaomi securing nearly 300,000 orders for the YU7 SUV in an hour, the bZ3X is selling surprisingly well for a foreign brand vehicle.
Global automakers are struggling to keep pace in China with an influx of new low-cost domestic EVs and an intensifying price war. However, Japanese automakers, including Toyota, have been some of the hardest hit.
During GAC Toyota’s Tech Day event last month, the company announced partnerships with China’s leading tech companies, including Huawei, Xiaomi, and Momenta, as it seeks to regain market share.
Ahead of the event, the company posted on Weibo that “god-level allies are coming to help,” adding “car industry bigwigs are coming.
Through May, Toyota’s sales in China are up 7.7% from the same period last year, with 530,000 vehicles sold. Will Toyota continue gaining traction in the world’s largest EV market? With the bZ5 now rolling out and several new models on the way, Toyota is looking for a comeback.